The (crude oil) soars high in its last intraday trading, to succeed in breaching the critical resistance level at $65.55, this level limited the previous trading in sideways trading range on the short-term basis, supported by the emergence of the positive signals on the (RSI), to reach the resistance of its EMA50.

The (Gold) rose slightly in its last intraday trading, with the beginning of positive signals emergence on the (RSI), after the price success in its previous trading in offloading its overbought conditions, opening the way for moving higher, especially with the continuation of the dynamic support that is represented by its trading above its EMA50, affected by its exit from bearish correctional channel’s range that limited its previous trading on the short-term basis.

The (EURUSD) rose in its last intraday trading, affected by the stability of the support level at 1.1745, providing some positive momentum with the beginning of positive overlapping signals on the (RSI), after reaching exaggerated oversold levels compared to the price move, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

KILT’s currency price (KILTUSD) rose in latest intraday trading, as the price attempts to recover part of its previous losses, while also trying to vent off some of its oversold saturation on the Stochastic, especially with positive signals starting to emerge. However, ongoing negative pressure remains due to trading below the 50-period SMA, amid the dominance of the main downward trend in the short term and trading alongside a descending trend line.

Therefore we expect the currency to decline in upcoming intraday trading, as long as the resistance of $0.02493 holds on, targeting the support level of $0.01130.

Today’s price forecast: Bearish